there is a tract of land on the other side of the hill on 97 heading toward bend that is rich for weedwe grew up there for years before it was even a thingits on the reservation down close to the Deschutes, now if a person had a in with the tribe you might be able to put something together with themenjoy

That means that about half of the people in this country live in "slightly urban" or "rural" areas, where you are talking about small downtowns, largely suburbanized tract housing, etc.

I have less equity in that house, 10 years later, than I do in any of my 1950's tract houses purchased here 3-4 years ago.

For this tract to be functional it needs to go back 200' to allow for easements, parking and a building large enough to cash flow at that value.

,I assume that by "FHA loan or similar" you mean high LTV.We can do 85% LTV for SFR, non-owner occupant.95% LTV for high income owner occupants, 97% LTV for high income owner occupants in certain target census tracts. 

A contractor makes his money by the job .If you are refering to tracking your own employee , those systems may work .As far as asking an independant contractor to carry a GPS so you can tract their every move , Good Luck 

He was going to buy tracts of base housing to meet demand for the new car manufacturer that was coming to town or something. 

I purchased two separate tracts for just over $750K. 

I continue to answer the incoming perspective tenant calls, answer tenant e mails and texts and tract rent collections. 

The other thing to look into is the amount of housing projects and low income housing tracts (they may look like suburban SFH’s, but are low income) in your immediate area.